Apar Industries Ltd (NSE:APARINDS)
₹ 13,745 -90 (-0.65%) Market Cap: 553.32 Bil Enterprise Value: 554.20 Bil PE Ratio: 46.92 PB Ratio: 10.26 GF Score: 84/100

Q1 2026 Apar Industries Ltd Earnings Call Transcript

Jul 29, 2025 / 10:00AM GMT
Release Date Price: ₹9681.5 (+11.73%)

Key Points

Positve
  • Apar Industries Ltd (BOM:532259) reported a 27.3% increase in revenue for Q1 FY26, reaching INR5,104 crores, driven by strong domestic business growth.
  • The company's EBITDA rose by 27% year-on-year to INR501 crores, maintaining a margin of 9.8%.
  • Profit after tax increased by 30% year-on-year to INR263 crores, with a margin of 5.2%.
  • The Conductor division saw a 43.9% revenue growth year-on-year, supported by an improved product mix and higher realization.
  • The Cable segment posted a 36.3% revenue growth, with strong export performance, particularly in the US market, which grew by 136% year-on-year.
Negative
  • Export revenues in the Conductor division decreased to 20% from 30% in the previous year, indicating a reliance on domestic markets.
  • The Oil business experienced slower export growth due to project delays in key markets like Saudi Arabia, South Africa, and Australia.
  • The Cable segment's EBITDA margin slightly decreased to 10% from the previous year, despite revenue growth.
  • The addition of transmission lines in Q1 FY26 was significantly below target, achieving only 17% of the planned 6,030 kilometers.
  • The company faces competitive pressure from subsidized Chinese exports, impacting non-US market performance.
Operator

Ladies and gentlemen, good day, and welcome to the APAR Industries Limited Earnings Conference Call. (Operator Instructions)

I now hand the conference over to Mr. Ambesh Tiwari from S-Ancial Technologies. Thank you, and over to you, sir. Thank you.

Ambesh Tiwari
S-Ancial Technologies Pvt Ltd - Analyst

Good afternoon, everyone. I welcome you all for the Q1 FY26 earnings call for APAR Industries to discuss the business performance and outlook. We have with us from the management's side, Mr. Kushal Desai, Chairman and Managing Director, Chaitanya Desai, Managing Director and CFO, Mr. Ramesh Iyer.

I would now pass on to Mr. Kushal Desai for his opening remarks.

Kushal Desai
Apar Industries Ltd - Executive Chairman of the Board, Chief Executive Officer, Managing Director

Thank you, Ambesh. Good afternoon, everyone, and welcome to the APAR Industries Q1 FY26 Earnings Call.

I would like to start by actually giving a quick overview of our performance, then get into a quick industry update and

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